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2016 Could Be Bitcoin's Best Year Yet

DO YOU KNOW THERE IS A FINANCIAL REVOLUTION GOING ON UNDER YOUR VERY NOSE?

You may have heard of Bitcoins but you probably have no idea how its about to impact your life, your financial well being and your future!

Bitcoin Track Record for the 8 Years:-

Year 2009-2010 - Conceptualization

This is the pre-history of bitcoin-the-currency, as there’s hardly even a price for the tokens generated by the bitcoin software.

A lot of technical and economic discussions take place, and core developers patch a major vulnerability in the source code.

2011: First bubble and experimentation

Several bitcoin exchanges compete for customers, with Mt Gox as the clear winner. Silk Road is launched, as well as payment processor BitPay, the stock exchange GLBSE and bitcoin sees its first price bubble – a rally from $1 to $30.

2012: Gambling and leverage

After a couple major bitcoin thefts early in the year, the community senses a great need for better and easier storage of coins, and several new wallets are released in response to that.

The lack of excitement in the bitcoin price is compensated for by speculation with leverage (Bitcoinica), gambling (Satoshi Dice) and dabbling in altcoins (litecoin) and mining (Butterfly Labs).

2013: Mining frenzy

After several obituaries by several large news outlets, bitcoin comes back from the dead with a major rally in the spring.

Spectacular stories of massive gains made by early adopters, in combination with the bootstrapping cottage industry of specialized hardware, cause a wave of attention for bitcoin mining.

This is further intensified by the rally during the last two months of the year, which takes bitcoin to over $1,000. The difficulty of the network jumps from 20 to 9000 Th/s in a year.

2014: Altcoin distractions

Becoming aware of the disruptive potential of the technology, the VC world wakes up and uses 2014 to invest $300m in bitcoin startups – four times as much as the year prior.

Not all sectors in bitcoin fare well, though; speculative exuberance, overzealousness of hardware producers and the soaring hashrate of the network eventually cause the wheels to fly off bitcoin mining. The result is delivery cancellations, unprofitable hardware, and a slew of bankruptcies in the sector (I lost money in one of these.)

Facing a declining price of the currency and a mining capacity glut, a minority scoffs at bitcoin as being rigid, having a boring brand, not being local enough and having an inefficient mining network.

Bitcoin in 2015: Blockchain hype and a maturing ecosystem

During another year of price decline and consolidation for bitcoin, many stakeholders suffer. Yet under the hood, a mighty powerful engine is starting to roar.

With limited new speculative interest and with 3,600 BTC being mined daily and sold into the markets, the bitcoin price stays depressed for most of the year. A substantial amount of bitcoin investors sell at least a part of their coins (often out of necessity rather than out of preference). Those coins then slowly move into the hands of new adopters and more dispassionate value investors.

Sizing up 2016

Here's what I’m expecting for the coming 12 months in bitcoin.

1. The bitcoin network will scale

After many months of debate, I think 2016 will reveal a decision about how to scale bitcoin for the next few years.

There are a number of prudent and effective proposals on the table today, such as Pieter Wuille's 'Segregated Witness', and Adam Back’s BIP248.

I expect one of the many proposed solutions to be implemented before the summer, to then later be supplemented by innovations such as pegged sidechains and the Lightning Network.

2. Bitcoin will shine as a safe haven asset

I expect renewed volatility in global markets, and as a result I see liquidity problems popping up unexpectedly.

As a result, funds and investors will seek to hold assets with low counterparty risk. I think bitcoin will be one of these, more so than in previous years.

3. Sidechains will be appreciated as major technical breakthrough

Similar to how bitcoin had to overcome accusations of being a Ponzi scheme in the early days, sidechains technology is now met with skepticism and mistrust.

As more operational sidechains come online and their utility and open-source nature become visible to the world, I expect perception to change for the better.

4. Commodity giants will get involved with bitcoin mining

Faced with a bear market in commodity prices which implies a declining demand for electricity, some big primary sector companies will partner up with bitcoin mining companies to provide them with legal framework and physical infrastructure – allowing bitcoin transaction processing to take place in some of the most barren regions of the world.

5. The bitcoin remittance network will further strengthen

Bitcoin exchanges integrating with each other internationally, deployment of more bitcoin ATMs and growth of bitcoin-friendly remittance platforms will allow for more and more people around the world to send money to their home country using bitcoin as a vehicle.

Should we see increased volatility in fiat currencies and the enforcement of exchange rate controls, then those too will serve as a catalyst for bitcoin remittance growth.

6. The block reward halving will have a positive effect on the bitcoin price

In mid July 2016, the amount of new bitcoins awarded to bitcoin miners will drop from 3,600 BTC per day to 1,800 BTC per day.

With that, the annual increase in the bitcoin money supply will drop from 9.17% to 4.09%. Miners will have a diminished capacity to influence the markets (rumor has it that over the past two years they have engaged in quite a bit of short selling prior to pushing newly mined coins in the market).

I expect the block halving, all else being equal, to have a positive effect on the bitcoin price.

7. Investors will be surprised

Every year I've been involved in bitcoin, I've been shocked and amazed.

In the bitcoin community, developers come with new hacks and solutions on a daily basis, competition is fierce and decidedly global, investors are eager yet often inexperienced and banks and governments are uneasy and fickle.

Bitcoin technology is only seven years old and bitcoin as a financial asset is only five. If I expect anything over the next 12 months, it is to be surprised.

It’s for that reason as well that I only attach a 75% probability to the predictions above.

2016 is shaping up to become an incredible year for bitcoin – maybe it will be the year when investors finally realize they cannot afford to not pay attention to this paradigm shift in money and finance.

Source: http://www.coindesk.com/2016-bitcoin-best-year/

Bitcoins are the future of currency worldwide but Governments around the world have only just begun to sit up and take notice...

Many companies are accepting bitcoins, many are not. Here is a list of the biggest names who accepts bitcoins as a currency.

Singapore Government is also looking into the Blockchain technology of Bitcoin....

In Singapore, Citylink mall singapore bitcoin atm..many people line up to buy bitcoin

Some people will tell you, that it's too late to make a killing with bitcoin. Fact is they are the people that are going to miss out. Bitcoin has only been around since 2009 and sure, if you had this guide back then, you would undoubtedly be a millionaire today..

But hold on it's not too late to join the gold rush:

Understand this,

We have not even begun to scratch the surface. Once Bitcoin becomes mainstream, its value actually goes up. In fact if you look at the price charts for bitcoin, its price has gone up and down, but over time, its gone one way and one way only UP!

What if Bitcoin's price surges beyond the 2013 record high reaching $10,000 a coin like what Tim Draper (founding partner of leading venture capital firms Draper Associates and DFJ) Predicts?

Would you pay off your student debts?

Start a Bitcoin business?

Buy a Bentley?

Bitcoin.com decided to run an experiment to see what some enthusiasts would do if the price hit five digits.

Also read: Zaif Encourages Bitcoin Average Price Investing With Direct Debits What Would You Do If Bitcoin Hits 10,000 per coin?

Beginning back in October of 2013 and throughout the holiday months, Bitcoin had increased in fiat value exponentially climbing to $1,200 USD per coin.

But what would Bitcoin users do this time around if the price skyrockets like some experts predict?

Take a close look at that chart some of these people hold millions of dollars of real wealth in bitcoins.

Passive Income - achieving financial freedom. How to grow a passive income and live the dream.

Richard Branson says "Bitcoin is working". And will possibly be the next wave in new currency now sweeping across the planet.

Important Note: This event is limited to 40 tickets by Invitation Only. Click the "Select a date" box to select a date and then click the green "REGISTER" button to register for your FREE ticket. Show your ticket at the event to claim your seat.